Laura Brook
Laura is a partner in Eversheds Sutherland's London pensions team. Laura joined Eversheds Sutherland in 2006 and qualified as a solicitor in 2008. She advises trustees and corporate clients on all aspects of pensions law.
Her experience includes advising trustees and employers in relation to scheme mergers following company restructurings and post-merger rule consolidations; advice on pension scheme governance; acting for employers and trustees in relation to scheme funding negotiations and assisting with parent company guarantees and other security documents; advising employers and trustees in relation to scheme change and consultation exercises; providing corporate support and advice in relation to the pensions aspects of share and business sales, including advice in relation to employer debt legislation, anti-avoidance legislation and clearance; and providing training in respect of key pensions legislation and proposed or recent changes.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2008
Membership
- Association of Pensions Lawyers (associate member)
1 Contributions by Laura Brook
PRACTICE NOTES
Calculating section 75 employer debts in defined benefit schemes: responsibilities, single- and multi-employer apportionment, valuation dates, expenses and challenges
THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES
Under sections 75 and 75A of the Pensions Act 1995 (PA 1995), a statutory employer connected with a defined benefit occupational pension scheme must meet any deficit in the scheme’s funding upon the occurrence of certain events. A liability arising under them is known as a ‘section 75 debt’ or ‘employer debt’. The detailed operation of sections 75 and 75A is prescribed by the Occupational Pension Schemes (Employer Debt) Regulations 2005, SI 2005/678 (the Employer Debt Regulations), while the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1996, SI 1996/3128 can also be pertinent (see Calculating the section 75 debt: single-employer schemes, below). These statutory obligations concern funding deficits at key trigger points within schemes as above. For more on section 75 debts and events that can trigger them, see Practice Note: When is a section 75 debt triggered? Who is responsible for calculating the section 75 debt?...
Pensions
If you expected to see yourself on this page, click here.
